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2820 Middletown Rd., a 30-unit multifamily property in the Bronx's Pelham Bay neighborhood, has sold for $4.7 million

Brix Closes Sale of Pelham Bay Multifamily

Brix Real Estate Advisors brokered the $4.7-million sale of a 30-unit multifamily building at 2820 Middletown Rd. in the Pelham Bay section of the Bronx.  

The six-story, 25,000 square-foot building consists of 27 residential, two commercial and one antenna unit. The property was purchased by the Cotaj family, who own and operate a portfolio of properties in the Bronx and Westchester County. The sellers, Middletown Partners LLC, purchased the property in 2015 for $3.65 million. 

“Today’s impressive sale price is a testament to the strength of this neighborhood in the Bronx,” said Brix managing partner Matthew Barbaccia, who represented Middletown Partners. “Despite the unprecedented economic conditions of the last few years, real estate investors in the Bronx continue to seek opportunities in the rent stabilized building market.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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